Bookbuilding IPO | ₹64 Cr | Listed at BSE SME | Fri, Sep 21, 2018 - Tue, Sep 25, 2018
Manorama Industries IPO is a book build issue of ₹64.00 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹64.00 crore.
Manorama Industries IPO bidding started from Sep 21, 2018 and ended on Sep 25, 2018. The shares got listed on BSE SME on Oct 4, 2018.
Manorama Industries IPO price band is set at ₹188 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,12,800 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,25,600.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Manorama Industries IPO RHP for detailed Information.
IPO Open
Fri, Sep 21, 2018
IPO Close
Tue, Sep 25, 2018
Issue Price
₹188 per share
Market Cap (Pre-IPO)
₹209.20 Cr
| IPO Date | 21 to 25 Sep, 2018 |
| Listed on | Thu, Oct 4, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹181 to ₹188 |
| Issue Price | ₹188 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 34,04,400 shares (agg. up to ₹64 Cr) |
| Reserved for Market Maker | 1,71,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 32,33,400 shares (agg. up to ₹61 Cr) |
| Net Offered to Public | 32,33,400 shares (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 77,23,510 shares |
| Share Holding Post Issue | 1,11,27,910 shares |
| BSE Script Code | 541974 MANORAMA |
| ISIN | INE00VM01010 |
Manorama Industries IPO comprises a total issue size of 34,04,400 shares. The net offer to the public is 32,33,400 shares, after excluding 1,71,000 shares allotted on a firm basis. Of the Net offer 5,32,200 (16.46%) are allocated to QIB, 13,50,600 (41.77%) allocated to NII 13,50,600 (41.77%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 5,32,200 | 16.46% | 15.63% |
| NII (HNI) Shares Offered | 13,50,600 | 41.77% | 39.67% |
| Retail Shares Offered | 13,50,600 | 41.77% | 39.67% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,71,000 | 5.02% | |
| Total Shares Offered | 34,04,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,12,800 |
| Retail (Max) | 1 | 600 | ₹1,12,800 |
| HNI (Min) | 2 | 1,200 | ₹2,25,600 |
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Establishing an integrated Greenfield project for manufacturing of CBE / specialty fats and tailor-made products at Birkoni, near Raipur, Chhattisgarh. | 5.60 |
| 2 | General corporate purposes | 0.20 |
The Manorama Industries IPO is subscribed 1.08 times on September 25, 2018 6:50:02 PM (Day 3). The public issue subscribed 0.37 times in the retail category, 1.56 times in the QIB category, and 1.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.56 | 5,32,200 | 8,28,000 |
| NII* | 1.59 | 13,50,600 | 21,49,800 |
| Retail | 0.37 | 13,50,600 | 4,98,000 |
| Total | 1.08 | 32,33,400 | 34,75,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 5.48 |
| 2 | Fees payable to the Registrar to the Issue | 0.01 |
| 3 | Brokerage and selling commission payable to Syndicate | 0.05 |
| 4 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 6 | Others (listing fees, legal fees, stationery charges, bankers to the Issue, auditor’s fees etc.) | 0.46 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹188.00 |
| Open | ₹190.20 |
| Low | ₹180.00 |
| High | ₹187.25 |
| Last Trade | ₹183.65 |
Lead Manager Reports
Manorama Industries IPO is a SME IPO of 34,04,400 equity shares of the face value of ₹10 aggregating up to ₹64 Crores. The issue is priced at ₹188 per share. The minimum order quantity is 600.
The IPO opens on Fri, Sep 21, 2018, and closes on Tue, Sep 25, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Manorama Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Manorama Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manorama Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manorama Industries IPO opens on Fri, Sep 21, 2018 and closes on Tue, Sep 25, 2018.
Manorama Industries IPO lot size is 600, and the minimum amount required for application is ₹1,12,800.
You can apply in Manorama Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Manorama Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Manorama Industries IPO allotment status.
The Manorama Industries IPO listing date is on Thu, Oct 4, 2018.
